As many of you know we have experienced some intense heat in Milpitas, CA. Which is equal to the intense housing market and home prices that have risen in the past months. The home prices in Milpitas have risen over 45% from last month which now makes it a total of 20% increase in median home prices compared to last year (view stats at http://www.mymilpitashome.com). Which now means a higher home value in Milpitas, CA
Homes are selling fast in Milpitas, CA. and they tend to do so in a hot market, but for how long? That's the million dollar question! If you are thinking about selling your home in Milpitas then this type of market will bare you the most cash in your pocket possible as long as you have the right Home Sales Professional.
The right time to sell is not determined by the market, it is generally determined by you the home owner. There is always a reason why homeowners sell their home, such reasons include, moving up to a bigger home because you have outgrown your current home, or you are downsizing because your home is now to big, there is also a possibility that there is a unforseen default on your mortgage due to uncontralable circumstanses, divorce is another reason to sell either because the judge has ordered it or you have come to the realization that it is best to sell the home to avoid any future issues. Trust sales and probate sales also might be executed at anytime.
For those thinking about selling their current Milpitas home and buying a larger home perhaps this will be the best time to do so, why? Because in my opinion all the stars have aligned to give you the best of both worlds, meaning that you can sell your home for a better price than you normally would and you are able to purchase a larger home that is now (because of interest rates) very affordable. Homes in Milpitas, CA are selling at an average of 6% above list price and sometimes even more depending on the area.
Visit my website and get a complete list of resources that includes a free home sellers guide that can help you determine what your home might be worth today.
Alex Tafoya Realtor
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